IPO of Premier Industrial Corporation
Premier Industrial Corporation’s IPO will be a mix of a new issue and an offer for sale (OFS). The company received the observation letter from Sebi on February 10.With the issue, 2.79 crore shares will be sold by the company. In this, the new issue will be a maximum of Rs 2.25 crore, while the OFS will be a maximum of 54 lakh shares.
The selling shareholders are Arvind Chhotalal Morzaria, Dilip Chhotalal Morzaria, Subhash Chhotalal Morzaria, Lalit Navinchandra Morzaria and Nirmala Navinchandra Morzaria.
The company plans to use the net proceeds to finance capital expenditure for setting up a new wire manufacturing facility at Raigad, Maharashtra and to fund capital expenditure required for expansion of the existing manufacturing facility at Wada Unit in Palghar, Maharashtra. A portion of the proceeds will be used to finance the company’s working capital needs and for general corporate purposes.
Unistone Capital Private Limited is the sole Book Running Lead Manager (BRLM) for the issue.
Duroflex IPO
Duroflex’s IPO will be a mix of a new issue and an offer for sale (OFS). The company received the observation letter from Sebi on February 12. The IPO consists of a fresh issue of shares of an aggregate amount of Rs 184 and an offer for sale (OFS) of up to 2.25 crore shares by promoters and existing investors.
Duroflex Limited is a leading provider of sleep and comfort solutions and is among the top three mattress companies in India in terms of market share. It is active in mattresses, foam, furniture, pillows, accessories and other bedding products under brands such as Duroflex, Sleepyhead and Perfect Rest. As of June 30, 2025, Duroflex has built a wide network of 73 Company Owned Company Operated (COCO) stores, over 5,576 general merchandise stores and a strong digital presence, serving a pan-India customer base.
IPO of Virupaksha Organics
The IPO of Virupaksha Organics will be entirely a fresh issue worth Rs 740 crore as per the Draft Red Herring Prospectus (DRHP) filed by the company. The research-driven Indian pharmaceutical company received the nod from Sebi on Thursday, February 12.
The company is promoted by Chandra Mouliswar Reddy Gangavaram, Balasubba Reddy, Mamilla, Chandrasekhar Reddy Gangavaram, Vedavathi Gangavaram, Kondapalli Sandeep Reddy, Kotla SUuraj Reddy, Mamilla Nagarjun Reddy, Gangavaram Sri Lakshmi and G Sri Vidya.
The BRLMs are Axis Capital Limited and SBI Capital Markets Limited, while the registrar for the issue is Kfin Technologies Limited.
IPO of Hexagon Nutrition
The public release of Hexagon Nutrition will be entirely an OFS. The company received Sebi’s approval on February 10. Under the OFS, promoters Arun Purushottam Kelkar, Subhash Purushottam Kelkar, Nutan Subhash Kelkar and Aditya Kelkar will together transfer up to 30,859,704 shares.
The research-driven nutrition company is engaged in the development and production of products in the areas of micronutrient premixes, branded medicine and clinical nutrition, therapeutic formulations and ready-to-use foods.
The lead managers of the issue are Cumulative Capital Private Limited and Catalyst Capital Partners Private Limited, while the registrar is Kfin Technologies.
To Power Transmission IPO
The IPO will be a mix of a new issue and an OFS. The company received the observation today. Founded in 2011, Om Power Transmission is a power transmission infrastructure engineering, procurement and construction (EPC) company with over 14 years of experience. The company’s expertise lies in the implementation of high voltage (HV) and extra high voltage (EHV) transmission lines, substations and underground cabling projects that are delivered turnkey.
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